Fonterra Co-operative Group Ltd (NZSE:FCG)
NZ$ 4.21 -0.050 (-1.17%) Market Cap: 10.25 Bil Enterprise Value: 15.54 Bil PE Ratio: 9.57 PB Ratio: 1.17 GF Score: 65/100

Full Year 2022 Fonterra Co-Operative Group Ltd Earnings Call Transcript

Sep 22, 2022 / 01:30AM GMT
Release Date Price: NZ$1.58 (+1.42%)
Operator

Good day, and thank you for standing by. Welcome to Fonterra 2022 Annual Results Investor Briefing Teleconference. (Operator Instructions) Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Mr. Miles Hurrell, our CEO of Fonterra. Thank you. Please go ahead.

Miles Hurrell
Fonterra Co-operative Group Limited - CEO

Thank you, Kurt. Good afternoon, and welcome to our Q&A this afternoon. As said, I'm Miles Hurrell, CEO, but I'm joined here for today, Marc Rivers, our CFO; Chris Rowe, who will be acting Chief Financial Officer from the 1st of October; and Simon Till, Director of Capital Markets. And as you would have seen this morning, we released our market update for the F '22 annual results. And hopefully, you've had a chance to review those results and listen to the briefing video, which we put on our website.

But in summary, we've had a good year. Headline level starts with the milk price, $9.30 per kilogram of milk solids, but also improved earnings, $0.35, the top

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